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Even if California billionaires left, experts say wealth tax gains could outweigh losses for 25 years
The proposal to tax billionaires’ wealth in California is quickly evolving into one of the biggest economic controversies in the United States. While proponents of the policy believe it could generate significant revenue for public services, opponents fear it could cause a loss of millionaires and wealthy people in California.
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nytimes.com
Opinion | The Case for California’s Billionaire Wealth Tax
Silicon Valley’s growth over recent decades has made California rich — and one of the most unequal places in America.
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fortune.com
Even if every California billionaire left overnight, a wealth tax would help the state come out ahead for 25 years | Fortune
A potential billionaire exodus would take decades to turn the proposed 5% wealth tax into a net loss for the state, NBER paper finds.
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timesofindia.indiatimes.com
Even if California billionaires left, experts say wealth tax gains could outweigh losses for 25 years
The proposal to tax billionaires’ wealth in California is quickly evolving into one of the biggest economic controversies in the United States. While proponents of the policy…